economy
Entered2024.03.11 06:05 Modified2024.03.11 06:05
An increase of about 3% percent between 2019 and 2021… The proportion of large corporations that profited was also the highest in eight years. Under Yoon Seok-yeol’s administration, tax reduction and tax exemption policies were found to focus more on income groups high and large corporations. According to data presented to the National Assembly by the Ministry of Strategy and Finance on the 11th, tax expenditure benefiting high income earners with an annual income of 78 million or more earned this year is expected to total 15.4 trillion.
Tax expenditure is financed through tax exemption (tax-free) or reduction (reduction) of taxes, and are often referred to as ‘hidden subsidies’.
Tax expenditures for high-income earners remained around 10 trillion won between 2019 and 2021, but they increase to 12.5 trillion won in 2022 and 14.6 trillion won in 2023 (projected) after the launch of the Yoon Seok-yeol government. The share of tax expenditure for high income earners is also increasing.
This means that the increase is steeper than the tax exemptions and tax cuts for middle and low income earners.
The proportion of high income earners benefiting from total personal tax expenditure last year and this year was expected to be 34.0% and 33.4%,
The Soft Loan Fund Will Provide Support For…
Baghdad – INA – Hassan Al-Fawaz
Today, Saturday, the Ministry of Agriculture announced an initiative to activate full-time agricultural workers, while confirming that the soft loan fund will provide support for agricultural projects for young people.
Director General of the Agricultural Investments Department in the Ministry, Iyad Al-Bulani, told the (INA): “The Ministry of Agriculture, according to the direction of its Minister Abbas Jabr Al-Maliki, will announce an initiative to activate the issue of full-time agricultural workers, as well as an opportunity to announce agricultural spaces for those wishing to work in the agricultural sector.”
He added, “The Ministry will adopt successful initiatives by some young people who need agricultural support, including providing a certain space, agricultural machinery, or financial support by providing loans,” indicating that “the conference will be an opportunity and platform for these young people to express their visions and ideas in this field.”
Al-Bolani stressed that “the government, led by the Prime Minister and the Minister of Agriculture, is ready to support this segment because it will contribute to the development of the agricultural sector, and the sector’s contribution is important in reviving the national economy as an agricultural sector.”
He pointed out that “the Central Bank’s initiative,
The Craze For Trader Joes $2.99 Tote Bags:…
The Hype Around Trader Joe’s Tote Bags
Trader Joe’s tote bags have become a social media sensation, with their popularity skyrocketing in recent days. Available in blue, red, green, and yellow, these bags have captured the attention of millions.
The Resale Craze
In a surprising turn of events, the Trader Joe’s canvas mini tote bag, priced similarly to a pack of gum, is now being resold online for almost 200 times its original cost. This resale frenzy has led to a surge in demand for these trendy bags.
Online Reselling
Customers have been flocking to stores across the country to get their hands on these $2.99 bags, leading to some stores implementing purchase limits. The bags have even made their way to online platforms like eBay and Facebook Marketplace, where prices range from $5 to $500.
The Seller’s Perspective
Some sellers on eBay have capitalized on the hype, offering sets of four bags for as much as $499.99. The limited availability of these bags has created a sense of urgency among buyers, driving up prices in the resale market.
Employee Insights
Store employees have reported a surge in demand for the bags,
Crisil CEO: Indian Economy Is Resilient Changes In…
2024-03-10 19:26:31
For those wondering why private sector capex is not visible, here’s an answer – it has reached a critical stage from where it is beginning to flow – said , CEO at Crisil, the biggest rating company that has the pulse of the Indian corporate world. Recent regulatory actions may slow the growth rate, but there is no trouble in sight, Mehta told Bhaskar Dutta and MC Govardhana Rangan in an interview. Edited excerpts:
The latest GDP growth numbers surprised everyone. There are divergent views on it and we aren’t seeing private capex yet. What are the corporates telling you?
There are a few parts to this. One is the PLI (production-linked incentive scheme). It’s very targeted – 15 sectors – and it’s going to happen. Then there is conventional capex, the point that you are talking about. We are looking at capacity utilisation across multiple segments right now. What we are seeing is that in the top eight key segments, the capacity today is higher than the decadal average capacity utilisation that we have seen across those segments whether you take cement, steel, oil and gas, etc. Cement and steel plants are already expanding,
EXTRACTIVE SECTOR Reforms Are Yielding Good Results
Olivier Herindrainy Rakotomalala, Minister of Mines.
The context is difficult for the extractive sector in Madagascar and internationally. However, the reforms undertaken in this area are bearing fruit.
The recovery of the mining sector is still in its infancy. However, despite a difficult economic situation, particularly for the country’s large extractive industries, certain reforms undertaken in this area of activity are beginning to bear fruit.
Referring to figures provided by the Ministry of Mines, the export value of declared mining products has increased considerably for 2023. It amounts to 6,033 billion ariary. The foreign exchange repatriation rate also kept pace with a total of 81.43%. Although these figures taken separately seem insignificant, they play a considerable role in the balance of trade and the currency market. Especially in the context of a floating economy where several factors play a determining role. It must be said, this is progress in the right direction, in a context where the country is banking on sanitation and leveraging the mining sector for the country’s development. Olivier Herindrainy Rakotomalala, Minister of Mines, underlined the importance of the reforms undertaken to revive the mining sector during his speech on national television on Tuesday.
How To Solve Legal Problems For Nearly 150…
Third, there are problems in law enforcement, especially in localities. Including the psychology of some cadres, civil servants, and state employees who are afraid of responsibility, afraid of legal risks, leading to avoiding, pushing, not daring to propose, not daring to make decisions.
The main reason is that some legal regulations are not clear enough, not specific or do not ensure uniformity, uniformity or are not easy to understand, there is only one way to understand and implement.
Need many solutions
According to Mr. Le Hoang Chau, currently the legal system is increasingly being improved in the direction of ensuring synchronization, uniformity and closer practicality.
The implementation of the Land Law 2024 and related laws will remove many practical problems so that land can become a resource for socio-economic development and the real estate market can develop safely. healthy, sustainable and ensures the effectiveness and efficiency of state management to meet the requirements of the new situation.
The implementation of the Land Law 2024 and related laws will remove many practical problems in land use.
Mr. Chau said that Decision 222/QD-TTg dated March 5, 2024 of the Prime Minister issued a very complete and comprehensive implementation plan for the implementation of the Land Law 2024 and assigned specific responsibilities.
The New Volkswagen Tiguan Gives Gasoline And Diesel…
#Volkswagen #Tiguan #gasoline #diesel #engines #chance #test #drive
The compact SUV will also be available with a plug-in hybrid with a 100 km all-electric range and a new adaptive suspension
The first generation of the Volkswagen Tiguan became a real sensation in the compact SUV market when it appeared in 2007 and quickly became an alternative to the legendary Golf. The second generation Tiguan arrived in 2016 and began breaking records, being the best-selling compact SUV in Europe for three years in a row. From 2021, the first position was ceded due to the production of semiconductors. By the time the new third-generation Volkswagen Tiguan was launched, more than 7.6 million units had been sold.
See the new Volkswagen Tiguan in detail
The third generation Tiguan was shown for the first time last September. Volkswagen’s bestseller wants to continue its success in the future, so Volkswagen engineers have improved the model in every respect and the brand from Wolfsburg offers a completely new SUV, full of modern solutions and tailored to the wishes of consumers. The company says that they listened very carefully to the customers of the previous models and took into account their recommendations.
Cyber Attacks In Italy On The Rise: New…
Italy is in the sights of the cyber attackswith increasingly refined techniques, also thanks to the use ofartificial intelligence. Last year, the growth of serious cyber attacks, i.e. those with a wide-ranging impact on every aspect of society, politics, economy and geopolitics, proved to be greater than in the rest of the world. Numbers in hand, it is +65% compared to 2022, in Italy, compared to +12% worldwide. 11% of the attacks launched throughout the world, for a total of 310 incidents, were aimed at, and successful in, our country. In 2022 the figure stood at 7.6%. Over half of the attacks (56%) resulted in critical or high severity effects. Not only. He saw how Italy is the victim almost one attack in two (47%) is hacktivism (i.e. cyber attacks for political or social purposes, especially demonstration purposes. A typical case is attacks against the police).
These are some of the data collected in the 2024 Report He closed itItalian Association for IT security, now in its twelfth year of publication, which will be presented at the opening of the Security Summit, a conference dedicated to cyber security issues scheduled in Milan from 19 to 21 March.
The progress of the attacks has no brakes
The growth curve of serious accidents does not stop,
Arming The Bundeswehr: Who Pays For The War,…
The finance minister wants to save on social spending in order to finance the rearmament. But there are alternatives, because defense policy is distribution policy.
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A Fuchs tank in a Rheinmetall production hall © Swen Pförtner/dpa
The following situation: In a country – let’s call it a model country – there are 100 people and two factories. A bomb factory and a butter factory. Half of the population builds bombs, the other half makes butter. The borders are secure and there is enough to eat. Everyone is happy. Now a war breaks out, the government of Musterland withdraws ten people from the butter factory and assigns them to the bomb factory.
Question: What happens to butter production?
Of course it is declining, and this describes the dilemma into which the federal government has maneuvered itself. Because inst ead of “butter” you could write a social budget and instead of “bombs” you could write a defense budget. And when Finance Minister Christian Lindner (FDP) calls for a “moratorium” on social spending to finance the Bundeswehr, then he is basically calling for bombs instead of butter. But is that really the alternative?